Temasek, China rebuff debt-heavy RUSAL’s IPO pitch

From Reuters: Two of Asia’s most influential sovereign funds are steering clear of a $2.6 billion Hong Kong IPO by UC RUSAL, the world’s biggest aluminum maker, leery about high valuations and debt levels.
China Investment Corp (CIC) and Singapore’s Temasek Holdings, which manage a combined $420 billion, were actively wooed by RUSAL, but have given the offering the cold shoulder……………………………….Full Article: Source